Multiple Choice
You have accumulated $1,200,000 for your retirement.How much money can you withdraw in equal annual beginning-of-the-year cash flows if you invest the money at a rate of 5% for thirty years?
A) $74,344.50
B) $60,251.52
C) $58,469.12
D) $39,061.96
Correct Answer:
Verified
Correct Answer:
Verified
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